Tag: types of companies - private & public

Questions Related to types of companies - private & public

Private corporation are owned by _______.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. private firm

  2. individual owner

  3. government & local govt

  4. none of the above

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Correct Option: C

Limited Liability Partnership form of business organization has been introduced in India by ________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Indian Companies Act, $1956$

  2. Limited Liability Partnership Act, $2008$

  3. Indian Contract Act

  4. Limited Liability Partnership Act, $2006$

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Correct Option: B

Which amongst these is NOT A disadvantage of incorporating a company _____________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. separate identify

  2. formation do expensive

  3. detailed winding up procedures

  4. co operate disclosures

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Correct Option: A

For constituting a company meeting what will be true, ____________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. One person can never constitute a meeting.

  2. One person may constitute a meeting in exceptional circumstances

  3. Neither a nor b

  4. Both a and b.

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Correct Option: B

A company, when registered with limited liability under the Companies act. 1956 shall be deemed to be a company ________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. limited by shares

  2. limited by money

  3. limited by directors

  4. all of the above

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Correct Option: A

The position of a company secretary is like that of a hub in a bicycle wheel this statements shows the ___________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Importance of company secretary

  2. Rights of company secretary

  3. Duties of company secretary

  4. Liabilities of company secretary

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Correct Option: A

A new company was formed. All the directors appointed in the new company were appointed by XYZ Ltd. Thus the new company is __________ of XYZ Ltd.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Holding

  2. Subsidiary

  3. An independent company which has not established business in India.

  4. None of the above.

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Correct Option: B

Which section of Companies Act describes public company_______.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. sec. 3(1) (iii)

  2. see. 3(1) (iv)

  3. sec. 3(1) (ii)

  4. none of the above.

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Correct Option: B

Within _________ months the company formation should be done after the name approval has been received by the company.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. 3 months

  2. 3 days

  3. 3 years

  4. No limitation of time

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Correct Option: A

Salomon v. Salomon and Company proved that ____________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Company, is independent person.

  2. A person can be a member as well as creditor.

  3. Shareholder is not liable for the debt of co.

  4. All of the above.

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Correct Option: D